https://www.taxtmi.com/caselaws?id=385262 The Tribunal allowed appeals where penalties under Section 114(i) were imposed, as there was no evidence of the appellants' involvement in the fraudulent activities. Penalties under Section 114(i) were set aside, and penalties under Section 117 were reduced to Rs. 20,000 to deter future negligence. The Tribunal emphasized the need for vigilance in business dealings to prevent fraud. An appeal with penalties under both Sections 114(i) and 117 had penalties under Section 114(i) set aside and penalties under Section 117 reduced. en-us Thu, 29 Aug 2019 00:00:00 +0530 Sat, 31 Aug 2019 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385262 The Tribunal allowed appeals where penalties under Section 114(i) were imposed, as there was no evidence of the appellants' involvement in the fraudulent activities. Penalties under Section 114(i) were set aside, and penalties under Section 117 were reduced to Rs. 20,000 to deter future negligence. The Tribunal emphasized the need for vigilance in business dealings to prevent fraud. An appeal with penalties under both Sections 114(i) and 117 had penalties under Section 114(i) set aside and penalties under Section 117 reduced. Case-Laws Customs Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385262